Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #1  
Old 02-24-2002, 11:31 PM
heygrassman's Avatar
heygrassman heygrassman is offline
LawnSite Senior Member
 
Join Date: Jan 2002
Location: Columbus, Ohio
Posts: 509
Small Business Adminstration - fyi...

I just read an article about the Bush Adminstration proposing a reduction in funding to the SBA by almost 1/2 for next year. According to the article, the funding will be come more limited if Congress does in fact enact the cut. I will try to post more on this if I hear more and a link to the article if I can find it online. Worth investigating if you ar planning an expansion loan (like I am ) within the next 2-3 yrs.

jf
Reply With Quote
  #2  
Old 02-27-2002, 03:59 PM
LawnLad LawnLad is offline
LawnSite Senior Member
 
Join Date: Jan 2002
Location: Cleveland, Ohio
Posts: 738
For those interested in SBA loans -

Charter One Bank in Cleveland is trying to achieve preferred lender status with the SBA. Therefore, they have to be agressive (willing) to make xx SBA backed loans this year to meet the SBA requirements (which doesn't mean much more than their name is on a list... but Charter One wants the status). This means if you need money, Charter One will be anxious to give it to you, if you've got a plan that will hold water. As well, Charter One is trying to grow from a savings and thrift status to one of a commercial bank - therefore, they'll be willing to make more business loans then they will be home mortage type loans.

If you're looking for money - investitage your local banks and see who owns who, what they're target market is, and whether or not they're looking to make deals. Do your research before you start shopping. You might find some favorable deals depending on what the bank's current lending goals are.
__________________
Lawn Lad, Inc.
Cleveland, Ohio
Reply With Quote
  #3  
Old 02-27-2002, 04:06 PM
ohiolawnguy ohiolawnguy is offline
LawnSite Senior Member
 
Join Date: Dec 2001
Location: Akron, Ohio
Posts: 391
thanks for the information!!

i think my employer just refinanced our warehouse last week. at least he was talking about it. he wanted to take advantage of the low interest rates.
i will pass this informtion onto him.

thanks again,


kevin
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump





Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 04:33 PM.

Page generated in 0.06726 seconds with 9 queries